Nonprofits in New York City are rallying for timely payments, demanding resolution for over 7,000 unpaid invoices totaling over $1 billion. City comptroller Brad Lander revealed that many of these invoices date back years, impacting organizations that provide critical services to vulnerable populations. Despite the city having funds available, systemic delays within the contracting and payment processes contribute to these issues, causing significant operational challenges for nonprofits. With an estimated $4.9 billion worth of work performed yet unpaid, the urgency for prompt payments is evident as these services are crucial for the city's wellbeing.
According to city comptroller Brad Lander, the city is sitting on at least 7,000 unpaid invoices from nonprofits, totaling over $1 billion.
Mr. Lander's review found that nonprofits with active contracts might have performed up to $4.9 billion in work that the city had not yet paid them for.
Collection
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